MONITOR GLOBAL OUTLOOK
Iran and India have finalized plans to build a railway connecting Afghanistan’s mineral-rich Bamyan province to Iran’s southern Free Trade Industrial Zone and Port of Chabahar, a senior Iranian economic official tells Monitor Global Outlook.
The Memorandum of Understanding, signed by the managing director of Islamic Republic of Iran Railways (IRIR) and his counterpart in India in March, is part of a joint plan to expand the Chabahar port’s loading capacity. It will offer India a gateway to trade in Afghanistan and Central Asian markets that avoids Pakistani territory. For Iran, the railways would be a new means to transport its steel for both domestic consumption and eventual export.
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